Company Performance - Broadwind Energy, Inc. closed at $1.73, reflecting a -0.57% change from the previous day, underperforming the S&P 500 which had a loss of 0.01% [1] - The stock has decreased by 8.9% over the past month, contrasting with the Industrial Products sector's gain of 1.3% and the S&P 500's gain of 4.88% [1] Upcoming Earnings Report - The upcoming EPS for Broadwind Energy is projected at -$0.08, indicating a 260% decline compared to the same quarter last year [2] - Revenue is estimated to be $31.54 million, down 32.31% from the prior-year quarter [2] Analyst Estimates and Valuation - Recent changes to analyst estimates for Broadwind Energy indicate a dynamic business trend, with positive revisions suggesting analyst optimism about the company's profitability [3] - The Zacks Rank system, which includes estimate changes, currently ranks Broadwind Energy at 2 (Buy) [5] - Broadwind Energy has a Forward P/E ratio of 5.27, significantly lower than the industry's average Forward P/E of 22.84 [6] Industry Context - The Manufacturing - General Industrial industry, to which Broadwind Energy belongs, has a Zacks Industry Rank of 175, placing it in the bottom 31% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - Wall Street analysts' recommendations, particularly for Broadwind Energy, are heavily relied upon by investors, but their effectiveness in guiding investment decisions is questionable [1][4]. Group 1: Brokerage Recommendations - Broadwind Energy has an average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy, based on four recommendations from brokerage firms, all of which are Strong Buy [2]. - The ABR is calculated solely from brokerage recommendations, which may not accurately reflect the stock's potential for price appreciation due to analysts' inherent biases [4][5]. Group 2: Zacks Rank vs. ABR - The Zacks Rank, which is based on earnings estimate revisions, is a more reliable indicator of a stock's near-term price performance compared to the ABR [7][10]. - Unlike the ABR, which may not be up-to-date, the Zacks Rank reflects timely changes in earnings estimates, providing a more accurate prediction of future stock prices [11]. Group 3: Current Earnings Estimates - The Zacks Consensus Estimate for Broadwind Energy remains unchanged at $0.02 for the current year, suggesting stable analyst views on the company's earnings prospects [12]. - Due to the unchanged consensus estimate and other factors, Broadwind Energy holds a Zacks Rank of 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [13].

Group 1 - Broadwind Energy, Inc. (BWEN) closed at $1.81, showing no change from the previous trading day, while the S&P 500 experienced a 1.46% loss [1] - The stock has decreased by 5.73% over the past month, underperforming the Industrial Products sector's gain of 5.12% and the S&P 500's gain of 1.08% [1] - The upcoming earnings report is projected to show earnings of -$0.08 per share, a year-over-year decline of 260%, with anticipated revenue of $31.54 million, reflecting a 32.31% decrease from the same quarter last year [2] Group 2 - Recent adjustments to analyst estimates for Broadwind Energy, Inc. are important as they indicate changing business trends, with positive revisions suggesting analyst optimism [3] - The Zacks Rank system, which assesses estimate changes, currently ranks Broadwind Energy, Inc. at 2 (Buy), with the consensus EPS estimate remaining unchanged over the past month [5] - Broadwind Energy, Inc. has a Forward P/E ratio of 5.48, significantly lower than the industry average of 24.26, indicating it is trading at a discount [6] Group 3 - The Manufacturing - General Industrial industry, part of the Industrial Products sector, has a Zacks Industry Rank of 168, placing it in the bottom 34% of over 250 industries [6] - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Broadwind Energy, Inc. (BWEN) .Broadwind Energy currently has an ...

Broadwind, Inc. (NASDAQ:BWEN) Q3 2024 Earnings Conference Call November 13, 2024 11:00 AM ET Company Participants Thomas Ciccone - VP and CFO Eric Blashford - President and CEO Conference Call Participants Eric Stine - Craig-Hallum Capital Group LLC Amit Dayal - H.C. Wainwright Operator Greetings, and welcome to Broadwind's Third Quarter 2024 Conference -- 2024 Results Conference Call. All this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation ...

| --- | --- | --- | --- | |-------|-------|-------|-------| | | | | | | | | | | SAFE HARBOR STATEMENT This document contains "forward looking statements"—that is, statements related to future, not past, events—as defined in Section 21E of the Securities Exchange Act of 1934, as amended, that reflect our current expectations regarding our future growth, results of operations, financial condition, cash flows, performance, business prospects and opportunities, as well as assumptions made by, and information cu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34278 BROADWIND, INC. (Exact name of registrant as specified in its charter) Delaware 88-0409160 (State or other juri ...

EXHIBIT 99.1 Broadwind Announces Third Quarter 2024 Results CICERO, Ill., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the "Company"), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the third quarter 2024. THIRD QUARTER 2024 RESULTS Total revenue of $35.5 million Net income of $0.1 million Total non-GAAP adjusted EBITDA of $3.4 million, or 9.5% of total revenue Ratio of net debt to trailing twelve-month non-GA ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Broadwind Energy, Inc. (BWEN) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Broadwind Energy cu ...

CICERO, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue third quarter 2024 results before the market opens on Wednesday, November 13, 2024. A conference call will be held that same day at 11:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanyin ...